WaveAnalysis
Long

XAUUSD Long Trade Setup

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello Traders

This is a short-term trade setup because I believe that it will make a bigger correction before it keeps going up. And the last drop should be A wave inside that correction. So my expectation is B wave. Now, we have a reversal impulse and correction. This is the reason why I placed an entry order above the last top. Actually, I'm in the trade and I hope it will go up. In the case of a sharp drop , I will wait for a correction to close my trade with hopefully less than 1% loss.

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Trade with care.
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